Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

markets overall are behaving strangely today...many small stocks are also up 5% or more.
I think stock market is at the equivalent of January 2000 euphoria stage, blowoff top is imminent within 3 mo or less (maybe after going up another 10-20%). It seems that shorts worldwide are giving up (temporarily).

Personally, i don't like fast moves, but enjoying today.
I think that we "deserve" it after about 6-7 mo of negativity.

BTW, where is HM?

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[JayJuanGee]

Well that was fun whilst it lasted  

Another night with no sleep.

Haha!
Some people have alarms or notifications on their phones with exchanges that go off when their specific price of interest is reached.

I’ve never done it myself but have seen people mention it here in the past.

I used to do that, especially between 2014 and through 2016.  I mostly stopped after that, and let any of my presetting of orders to do the work.  I did also have some manual ways of implementing trading during that time, too, so figuring out how to set orders did help a lot and getting past the accumulation stage helped a decent amount too.

I prefer my sleep these days, but I am not opposed to looking at the price when I get up to take a leak, and surely those kinds of actions of looking at the price can really screw up some good sleep... so sometimes it is better to just resist the temptation and don't look (which is easier said than done... at least these days).  

Maybe if BTC does another 5x or more from here, then perhaps there will be even less inclination for me to look at the price on a regular basis?  Perhaps?  Perhaps?

I know that i have already projected that the spread of my buy and sell orders is going to become greater and greater with the passage of time.  NOT just in terms of dollars because that is obvious, but in terms of percentage of price movement that has to happen before I give any shits.  

So, I am kind of expecting that both the fact that my order spreads are increasing and that bitcoin is likely to become less volatile with increases in market cap, and both of these dynamics are going to likely lead to a lot less need to look at the BTC price and/or to have to take any actions, such as setting or resetting orders based on the filling of other orders on the books.

[mindrust]

markets overall are behaving strangely today...many small stocks are also up 5% or more.
I think stock market is at the equivalent of January 2000 euphoria stage, blowoff top is imminent within 3 mo or less (maybe after going up another 10-20%). It seems that shorts worldwide are giving up (temporarily).

Personally, i don't like fast moves, but enjoying today.
I think that we "deserve" it after about 6-7 mo of negativity.

BTW, where is HM?

https://www.zerohedge.com/markets/fed-injects-82bn-liquidity-term-repo-most-oversubscribed-one-month

Probably has something to do with this.

If this is what you say it is, it can't end well. (For stocks, not sure about bitcoin)

[makrospex]

I am wrong some 80% of the time trying to make short-term trades (inc. buying BTC, price goes down immediately after I buy).  That same pattern has always been with me: casinos, put options on the S&P 500, buying gold, etc., bang!, they go down as soon as I buy.

Now I stay away from short-term & rigged games (inc. alt-coins).

Means i should buy some alts now, right?  
Just joking.

The key is not to sell after the bang!.
I threw my last fiat into BTC at $15k in 2017, but i still got that corn, baby.
 

BTC and Au: HODL!  Nice diversification, works for me.

In my case:
BTC for the parents, Au for our kids  

EDIT: ultimately, the BTC is for the kids, too tbh.

[jojo69]

BTW, where is HM?

in my basement

its not water boarding if you use diesel

[JayJuanGee]

Good thing is that Bitcoin price broke out over the 6 month old down trending channel that has been described by Peter Brandt before. The price should stay above the upper wall of that channel for a while. It is very important. It is better to stay around here for a while, instead of going up and down sharply.

Not too many folks in this thread reference Peter Brandt, and likely we are NOT missing too much. 

I believe usually if he is mentioned it would be in a negative way.  Not saying that coincidentally he might end up being correct from time to time.

[Biodom]

BTW, where is HM?

in my basement

its not water boarding if you use diesel

good one!

<I just wanted to see the "fractal" one more time...>

[Elwar]

Good to see the price coming back.

I've been playing around with the Omni Layer and am fairly impressed. It seems like it was all built up for Mastercoin, then changed to Omni later and a lot of work was put into their web wallet...then everyone moved on to something else.
But fortunately they left some decent code and I can use it.

The plan is to have Ocean Builders credits that are like gift cards toward purchasing a floating home. Then create a new coin for every home built so people can own portions of each home.

Omni also provides a decentralized exchange so people can trade via the wallet with no middle man. All running on the Bitcoin blockchain.

Though we have a guy who works for Ethereum who is coming to join us who will likely be pushing for it all to be on smart contracts. And since he knows a hell of a lot more about it than I do, he will make a very compelling case.

Fortunately all of the owners are big Bitcoin holders so using Bitcoin is an easy sell.

Thus begins the battle of the coins for the future of seasteading.

One way pretty sure way to lose your bitcoins.  Might have to add that to "how I lost my bitcoins" thread.

That's it? Everyone worried that a criminal is going to steal your private keys to get your ownership of your house? Then what? Come on a dinghy to your house and tell you that you have to leave because they stole the keys fair and square?

You lose $1 million in BTC or a $1 million house...doesn't make holding your keys any different.

[JayJuanGee]

Well that was fun whilst it lasted 

Yeah, maybe we dip down to $82XX, but it still looks like tomorrow you'll have to pay the lucky winner.

$9000 = $50 ———> Vegeta Winner
$9000 = $xxx,xxx unrealised HODL stash gains  ——-> Me

I’m happy with this

Is the number of x actually representing your BTC stash?
I recommend OPSEC here, internet is not going to forget it when corn will be in the millions.

Hahahahahahahaha

Maybe he should say:

>>>>>$9000 = $50 ———> Vegeta Winner
$9000 = $x (x=more than $50) unrealised HODL stash gains  ——-> Me<<<<<

Let's assume that in this dip down to $3,124 and all of the time we spent between $3,124 and $9k, LFC was able to acquire 1 BTC, and so his average cost for that BTC was less than $8k. 

He therefore has $1k in gain, minus the $50.  Therefore, he only has $950 in unrealized gains because he paid out $50.

Am I saying too much?  I am going to blame LFC for that because he provided some of the numbers for the hypothetical.

I told this story several times, but when bitcoin was $250, I authorized myself to sell a certain portion of my stash that had an average cost that was less than $250, and so I was trading $5 at a time and other very fucking low amounts, and several peeps made fun of me and said that I was wasting my time.  I would stack a little profits here and there, maybe adding up to $1 and as the prices went up, the value of the profits were greater too, but the value that I was trading went up.  People still tell me, sometimes, that I am wasting time with some of the trades because it tends to stack sats very slowly, and they add up.**


**Note:  The sats do not add up to as much as my boating accident, but that's another story that micdudes stole from me.... with dramatic videos and everything.  That fuck.

[Phil_S]

BTW, where is HM?

[Biodom]

BTW, where is HM?

where you guys find all this stuff, lol?
nevermind, I already know the answer...interwebs.

[infofront]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

[Elwar]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

If only there were a way for him to prove that they keys arrived and that he truly is (along with Kleiman) Satoshi.

If only...

[Biodom]

The Bitcoin SV pump is based on the rumor that CSW's bonded courier actually showed up with the final remaining tulip trust key. In other words, that Craig is now in possession of 1 million or so BTC.

https://beincrypto.com/bitcoin-craig-wrights-courier/

yea, I kind of knew it, did not want to poison the atmosphere...
freaking rumor is worth $2.5bil. Talking about market manipulation.

[dragonvslinux]

You can barely see it, but the Weekly CMF (chaikin money flow) has finally turned positive again (at least on Coinbase at +0.01), values last seen in April-September. Looks like the start of a trend shift, even if I'm still skeptical. The Week would need to close positive for this to be confirmed I'm assuming, otherwise it could act as a rejection from neutral level (0).



Noticeably Bitstamp is still -0.01, but the relevance is, we are at similar CMF levels to early April 2019
That's my bullish input for all you moon boys anyway.

[jojo69]

chain monkey flow?

[kurious]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

No way it is true - short the shit out of his coin.

Nothing he has said was ever even remotely convincing so far, why would it be now?

[LFC_Bitcoin]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

If only there were a way for him to prove that they keys arrived and that he truly is (along with Kleiman) Satoshi.

If only...

You mean prove, cryptographically that he is Satoshi Nakamoto by signing a message?

That’s asking for too much

[Biodom]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

No way it is true - short the shit out of his coin.

Nothing he has said was ever even remotely convincing so far, why would it be now?

someone already did at around 0.24 (BFX).
for a moment here BSV>BCH...just an observation since pre-fork btc contains "the multitude", hence it is somewhat relevant to hodlers.

[JayJuanGee]

I don't know about you, but I am a proud Bitcoin hodler. Perhaps you are referring to yourself and your wankcoin?  

Okay, obviously deserved that, but no.

My sincere apologies ivomm, I really thought that it was jonoiv that I was responding to - hence my aggression.
I'm a proud Bitcoin hodler also.

We have not seen jonoiv for a quite a bit of time.

He must be hanging out with bargain boyz, waiting for sub $6k.  Maybe he will get lucky?  Maybe not? 

In the meantime, they got no coins, those dumb fucks.

In the same boat as roach... chasing the train, perhaps if they are smart... likely not.